US Economic News

Reflecting growing affordability concerns, the National Association of Home Builders released a report on Monday showing a sharp drop in U.S. homebuilder confidence in the month of November. The report said the NAHB/Wells Fargo Housing Market Index plunged to 60 in November.

Retail sales in the U.S. increased by more than anticipated in the month of October, the Commerce Department revealed in a report released on Thursday. The Commerce Department said retail sales advanced by 0.8 percent in October following a revised 0.1 percent dip in September.

Partly reflecting a jump in energy prices, the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased in line with economist estimates in the month of October. The Labor Department said its consumer price index rose by 0.3 percent.